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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10953 Whipple St Los Angeles, CA 91602

    • Commercial real estate
    • 0.41 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7693317
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 10953 Whipple St

    Lot size
    0.41 lot acres
    Property type
    Commercial real estate
    APN
    2423020019

    Description

    This exceptional 17,982 square foot development opportunity in North Hollywood, CA, is zoned R3-1 and located on Whipple Street between Vineland and Lankershim Boulevards. The property includes a 2,698 square foot duplex. Its prime location offers easy access to the 170, 101, and 134 freeways, Bob Hope/Burbank Airport, and the NoHo Arts District. Nearby attractions include the vibrant NoHo Arts District, Toluca Lake, and highly-rated schools. The area is experiencing significant growth, with recent and planned developments like NoHo West and District NoHo adding substantial retail, multifamily, and office space. This presents a unique chance to capitalize on the area's burgeoning development and create a project in a highly sought-after Los Angeles neighborhood. The asking price is $4,000,000, and the APN is 2423020019. The property's 0.412 acres provide ample space for a variety of development projects, benefiting from its proximity to major transportation arteries and a thriving cultural scene. The existing duplex offers potential for immediate income generation or redevelopment. This is a rare opportunity to invest in a rapidly appreciating area of Los Angeles.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    118.36920597
    Latitude
    34.14808534

    Comparable in this City

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    • $995,000
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      Toluca Lake Triplex: FHA Eligible

      FHA-eligible triplex in Toluca Lake with vacant unit.
      10651 Whipple St, North Hollywood, CA 91602
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    • $890,000

      Toluca Lake Condo with Updates

      Spacious 3-bedroom condo in desirable Toluca Lake neighborhood.
      10878 Bloomfield St, North Hollywood, CA 91602
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    • New
      $1,190,000
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      Toluca Lake Triplex For Sale

      Well-maintained triplex in a desirable Toluca Lake rental market.
      10742 Sarah St, North Hollywood, CA 91602
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    • $699,000
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      Remodeled Toluca Lake Corner Unit

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      10925 Blix St, North Hollywood, CA 91602
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    Similar Nearby for Sale

    • $724,500
      1,382 SF

      Toluca Lake Condo with Amenities

      Modern 2-bedroom condo with pool, sauna, and recreation room.
      10824 Bloomfield St, North Hollywood, CA 91602
      View Details
    • $689,000
      1,247 SF

      Studio City Townhouse with Upgrades

      Remodeled townhouse with modern finishes, near Universal Studios and Lakeside Golf.
      11100 Acama St, Studio City, CA 91602
      View Details
    • $995,000
      Pending

      Toluca Lake Triplex: FHA Eligible

      FHA-eligible triplex in Toluca Lake with vacant unit.
      10651 Whipple St, North Hollywood, CA 91602
      View Details
    • $890,000

      Toluca Lake Condo with Updates

      Spacious 3-bedroom condo in desirable Toluca Lake neighborhood.
      10878 Bloomfield St, North Hollywood, CA 91602
      View Details
    • New
      $1,190,000
      2,448 SF

      Toluca Lake Triplex For Sale

      Well-maintained triplex in a desirable Toluca Lake rental market.
      10742 Sarah St, North Hollywood, CA 91602
      View Details
    • $699,000
      1,412 SF

      Remodeled Toluca Lake Corner Unit

      Spacious, light-filled, remodeled Toluca Lake unit with modern upgrades.
      10925 Blix St, North Hollywood, CA 91602
      View Details

    Similar Nearby for Lease

    • $13,000 /Mo
      9,748 SF

      Land for Lease Los Angeles

      Land for lease in Los Angeles with 9748 square feet.
      4120 Lankershim Blvd, North Hollywood, CA 91602
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    • $3 SF/Yr
      8,084 SF

      Medical/Office Space for Sublease

      Approximately 1,900 SF medical/office space available for sublease.
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    • Contact for pricing
      1,752 SF

      North Hollywood Executive Suites

      Prime Office Space, Newly Renovated
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    • $3 SF/Yr
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      Commercial Building for Lease

      Commercial building for lease in Los Angeles.
      4418 Vineland Ave, North Hollywood, CA 91602
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    • $3,995 /Mo
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      Remodeled Office Space in North Hollywood

      Remodeled office space perfect for small businesses and creative endeavors.
      10944 Kling St, North Hollywood, CA 91602
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    • $3 SF/Yr
      19,238 SF

      Renovated Office Space Available

      Office space with renovated common areas, close to studios.
      10999 Riverside Dr, North Hollywood, CA 91602
      View Details
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    10953 Whipple St
    Los Angeles, CA 91602
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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